I think you have to check the policy thoroughly. There are many variables which can lead to big differences in the end amount.
I’m talking from the employer perspective here, and I compared several BVG providers in the past. The differences can be quite substantial. Things you need to check for is the projected annual interest. If one provider is calculating with 1% per year, while another one uses 2.5%, of course the end amount is hugely different.
From what I can say: SwissLife is offering the worst package in terms of the final amount.
Still, I’m puzzled about a 300k difference. I can only imagine huge differences in projected interest rates between the providers and maybe your employer also contributing far less than your old employer.
You can PN me if you want, and we can check together.
It it good to verify the certificates, but then you only compare your current situation. The difference might be that the increase of contributions (normally at 35/45/55 y.o.) will be much lower for you with your new job. In order to know that you would have to compare the pension fund regulations.
I have switched jobs a few months back and with a higher salary they contribute much less to the 2nd pillar. I tried to explain this to HR as part of the negotiation in order to get more salary bad they didn’t even seem to understand what I was saying. The percentage is lower and the “coordination deduction” is higher.
However, surprisingly enough, the projected amounts are higher at the new employer if I compare the figures for the scenario with 0 interest rate and 0 salary increase so I am very puzzled. Well, there’s the fact that they take more out of my pay than the previous employer, so I’m making up for the difference out of my pocket.
I am pissed so this is going to be one of my arguments at the next performance review provided they’re satisfied with my awesome work.
Yeah, I‘m in a similar place. More overall compensation, but a lot more hours (about 10%), so my hourly rate is slightly higher (4%), but this will be eaten by higher taxes (thanks to progressive taxes)
So from my side, I moved to Switzerland right after my Masters and I joined a big bank in a graduate Programme. I’m still with the same bank but considering a change this year.
Anyway to the point, gross base salary:
I started my first “real” job at 23/24 in 2015 right after I got my bachelor’s degree in economics.
I started at a private bank and switched to an insurance company at the end of 2018. I also became a CFA chartholder a few weeks ago.
All salaries listed are gross incl. bonus but excl. other benefits.
I recently got the opportunity to lead a small team for a few months due to a maternity leave of my boss and hope to permanently lead a team in the near future.
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